NEW TAX CREDITS FOR 2014 – WHAT DO THEY MEAN FOR YOU?*
2014 was a landmark year for enhanced family and child related tax benefits. We are committed to helping you get the most from these government announced initiatives. Here’s what’s proposed: UNIVERSAL CHILD CARE BENEFIT As of January 1st, 2015 the UCCB would increase to $1,920 per year for each child under the age of 6 ($160/mth from $100/mth) The UCCB would also expand with a new benefit of $720 per year for each child aged 7-17 ($60/mth from $0/mth) CRA will issue a ‘catch-up payment’ for amounts payable from January through June in July 2015. This means: for children under